USD/CAD Loonie Lower as Yellen Talks Up USD

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 10, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The U.S. dollar advanced versus the CAD thanks to U.S. Federal Reserve Chair Janet Yellen 3 hours of testimony on the Semiannual Monetary Policy Report before the House Financial Services Committee. During the first of two testimonies this week Chair Yellen was hawkish on the U.S. economy, while maintaining a dovish outlook on global affairs. Yellen in her prepared remarks held to previous Fed rhetoric about gradual increases that of course will be dictated by economic data. The Fed chair

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    Elizabeth Holmes Member Trader

    Jan 26, 2016
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